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The American System

12
Oct 2018

October 11, 2018

October 12, 2018

Collapse of Trump Bubble Continues!

Dow Loss Now 1,300 Points in Two Days; S&P Below 200-Day Moving Average; NASDAQ in Correction Territory; T-Bond Yields Fall In Flight to Safety; Giant Sucking Sound of $50 Billion Per Month of Fed’s Quantitative Tightening Amplified By Stock Buyback Blackout; Monster 2:30pm Sell Program Dumps Stocks and Moves Cash Into Treasuries; Trump Attacks “Out of Control” Powell Federal Reserve, But the Buck Stops in the Oval; Trump’s Bizarre Sideshow With Hapless Kanye West, Disciple of Nietzsche; Is China Dumping U.S. Treasury Bonds?